New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-12

Tuesday. Oct. LIP. ".


Today's Washington Treasury statement OF its cash
balance in vaults shows loss from yesterday OF
S2e3.OI2. and not gain OF 81 ,237.147 and q loss
since September 80 Of 81 s4i $50. and not gain Of
S7.iG5.Sl4. as erroneously published In specula-
tive circles. The relieving purpor,ed Especial from
Washington published to the Street today may or may
not have come from Washington but It's statements are
absolutely untrue whatever its origin: The suspen-
sion OF any further purchases Of bonds by the Treasury
will result in large increase In the available cash OF
the Government during the remainder OF October. as the
revenues about 100 cent Of the exrcn
dtures and as there extraordinary disbursement
10 be made before the first OF December. when the
quarterly pensions payable, the contraction OF the
circulation will be large unless the purchases OF bonds
again ordered" Without cavng about tho difficulty OF
Suspension OF any further" purchases it is tLely 10
remark that judging from past the Treasurys reve
for the three months will be much less ii an
they the last three months and to point the fact
that II from July 10 September so The Treasury had
not purchased single bond the cash bal
ances In Its vaults would have increased
during that three months only about S4 600 900, and
that Of that sum Of increase. ST. 10000 would have
been due TO It's coinage OF silver dollars in Other words,
1t would have taken Of The general circulation only
about ST, 100000.
The returns OF railway earnings for the first week In
October are coming in dsappontingy favorable. The
real merits not appreciated without taking into ac-
count the large gains OF last year those OF 1883 81
Paul. II IS true shows loss Tor the hrst week OF S4SOO
but the earnings of last year give gain in 1855 OF
$50 900. And these gains made or last years earn
ings cqualled despite the much-published "demoraza
ton OF freight ates at lie West" The figures printed
below tell tbeIf own story.
The stock speculation to-day developed better tone
than 1t has presented dnIiug the preceding throa days
Tie change due much to the appearance OF somo
good buying orders II % the cessation OF
tic hanmenns process which had been tue
conspicuous feature OF the market lately.
The paints 10 sell plenty they
Yesterday II stated that Tue Lake Shore
Company would pass It's dividend for the current
months The desperation oftho hears Is great HAT
there little use 10 contradictory statements
which Will 10 repeated and ovet
agatu But feel warranted III pre-
dieting that tho Lake Shore Company will de-
clare its semi annual di, idend in tue last week in
December payable February IL ii may be OF 2 y per
cent. but tho company viii show close 10 per cent
earned Tor this year. that It's full report Will show
cast aud Nickel Plate hist preferred stock III It's Treas
ury squa 10 the difference between the per cent and
the dividends paid ont Tor the year. Philadelphia and
Reading the special feature of the day 1t Opcucd
at 59@ and advanced under aggressive buying
TO C2is and closed at 81 s. IL was Reported
that KIND of settlement had been made with tue
holders 5s but this report had nothing
do with the advance in the price because 1t all day
denied by tile principal buyers OF the stock Central Of
New.Jersey also conspicuous for its strength and
rose from ia to 73I2G75's New-York Central was
sharply attacked ct The openlug aud started OF
IO4 g. declined lOi y aud closed at io5 And
Union PScinc another stock that subjected 10
the forcing process IT peusd at So declined to Asa
nd closed at 49, market strong. but not
the highest prices
Government bonds were duh and firm with the bids
for the up per cent Annexed the closing quo
tat.ons.